Topic: i have $250,000 to start a farm help me plan it (Read 4007 times)

Depending on location if you have a decent amount of property you could build a solar farm, this is the only way to even try and future proof your location. You buy property, put solar power on it and host, use the hosting money to help build up against the invested amount while also using half to buy your own miners.

I HIGHLY suggest finding an area with low electricity and can use evaporation cooling.  At 250k a full evaporation cooling might be excessive but I would find others to team up and get it.

If you have cheap electricity, and a way to cool that does not kill profits yes it could be highly profitable.    I do think OP was not serious though, i think this entire thread is a "what if" type situation.

About innovation why nobody mentions oil cooled setups ?

http://www.grcooling.com/bitcoin-mining/

About innovation why nobody mentions oil cooled setups ?

http://www.grcooling.com/bitcoin-mining/

Looks like a good setup, are you currently at 1PH?  How long did it take you guys from start to mining?

Here is our $1,000,000 mining farm installation: https://www.facebook.com/StartHash/photos_stream

If you can get electricity lower than 0.1 USD/kWh, you're good to go. We use about 1kW for cooling, 10kW for ventilation and up to 500kW is available for miners. Everything is designed to fit 1 PH of mining equipment.

We are also green energy conscious, so we installed LED lighting and run our pool and monitoring system off a Raspberry Pi. We monitor temperature and humidity and adjust our miners and cooling systems for maximum efficiency. Our in-house alert systems allows us to react to events and check all aspects of our farm's activity. Drop me any questions, I'm sure we can provide some solutions.

Here is the best strategy to earn big money with ASIC miners...

Take your 250k and use it to invent a time machine. And now forget how that invention has already made you the wealthiest man in the world and travel back to the summer of 2012.

Buy a couple of AMD GPUs just to familiarize yourself with BTC mining. Don't go crazy and build a massive GPU farm or buy those intriguing FPGAs you've been reading about. They will all be obsolete by the beginning of 2103.

Sometime during the summer of 2012 you will be reading here on BTCtalk about 4 companies who are planning to release ASIC miners by the end of the year... Butterfly Labs, bASIC, ASICMiner and Avalon. Now here's the really important part; the first two companies will completely flake-out and rip-off their customers, the third will produce functional miners that are super high-priced and the last (Avalon) will pre-sell their first batch 66GHs ASIC miners for $1300.

Order as many of the first batch Avalon miners as is humanly possible! And maybe slip those Chinese fellows some extra cash to skip ahead in line. Being first in line is VERY important. Order more than you can possibly host at home. You will soon be able to sell the extras for 20 times their original retail price. However, do not (under any circumstances) order from any later Avalon batches. The company will self-mine with them for many months before delivering the dusty miners to the customers.

Your shiny new ASIC miners will arrive nearly on time around the very beginning of 2013. You will now be the king of BTC mining! You will be mining hundreds of BTC every day (depending on how many miners you bought). Save those BTCs in a secure offline wallet and don't spend any of them until you hear about another company developing much more efficient ASIC chips... Bitfury.

Bitfury is important because soon everyone and their brother will have these loud, hot ASIC miners built by Avalon (and later, Butterfly Labs) that suck 6-8W/GHs and BTC mining difficulty will absolutely skyrocket. But Bitfury miners will use only ~1W/GHs. They will look like amateur crap, be finicky as heck, you'll have to buy tons of fans to keep them cool and probably quit your day job just to keep them running.

Now open your very full BTC wallet and preorder every Bitfury August batch card you can afford. Towards the end of August, sell every Avalon miner you have to clear space for your Bitfury gear. And surprise! Your Bitfury miners will arrive on time while people are still waiting for their year-late Butterfly Labs miners.

And now here's the really, really important part... sell every remaining BTC you have as soon as it reaches $1150 near the end of 2013. And keep selling every BTC as soon as it's generated by you quiet, cool Bitfury ASICs. Go outside and enjoy the weather, take that vacation you've been waiting to take, kiss a girl (or boy), walk the dog, etc. Do anything you want, you're rich! Oh and don't forget, you still have that kick-ass Time Machime to play with.  

Don't worry about buying BTC again until January of 2015. And certainly don't bother trying to keep up with the rising BTC difficulty by buying miners from KNC, Bitmain or Spondoolies.

Part of it also is the political atmosphere.  Just looking up Venezuela lots of not amazing new's in recent articles ex - https://www.washingtonpost.com/blogs/worldviews/wp/2015/07/13/venezuela-guyana-esequibo-maduro-granger/

So I'm not sure I would want to invest and build a proper data center there currently.  Although that price is promising.

One thing I do not know is power reliability.  Some countries have very cheap power, but reliability is a issue in some regions.  You would really need to go there first and make sure you can get lots of power, and it's reliable.

very good rate indeed, do you offer a hosting there? it could be profitable for you if you charge something on top of that

because even at 0.05 it is very profitable let alone at 0.03, but i'm assuming that this not include other cost like maintenance ecc...

Just one word... Venezuela! I spend like 3 USD  in electricity for 4 Antminers s4+

Even with cheap power, $250,000 is not enough to get a serious mine up and running.  Look at HaoBTC, for example.  They just relocated 4PH+ of equipment they already owned to a new facility and they spent $600,000-$800,000 to set up the new mine.  They have cheap power and 0 equipment cost and spent almost a million bucks.

Save your $250,000, I think it would be wasted trying to build a mine, especially if you have to come on a forum and ask basic advice.